Honeywell International Inc. (HON) Stake Lowered by Tirschwell & Loewy Inc.
Tirschwell & Loewy Inc. decreased its position in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,847 shares of the conglomerate’s stock after selling 775 shares during the quarter. Honeywell International accounts for 3.3% of Tirschwell & Loewy Inc.’s portfolio, making the stock its 8th largest position. Tirschwell & Loewy Inc.’s holdings in Honeywell International were worth $21,173,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HON. Edgestream Partners L.P. lifted its position in Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after purchasing an additional 10,413 shares during the period. Acadian Asset Management LLC lifted its position in Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after purchasing an additional 14,816 shares during the period. Buckingham Capital Management Inc. lifted its position in Honeywell International by 3.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the period. Mason Street Advisors LLC lifted its position in Honeywell International by 0.9% during the first quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock valued at $13,135,000 after purchasing an additional 936 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Honeywell International by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after purchasing an additional 11,091 shares during the period. Hedge funds and other institutional investors own 75.73% of the company’s stock.
In related news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 354,108 shares of company stock valued at $48,886,463. Company insiders own 1.56% of the company’s stock.
Honeywell International Inc. (HON) opened at 143.62 on Friday. The firm has a 50-day moving average of $140.57 and a 200 day moving average of $134.89. Honeywell International Inc. has a 52-week low of $107.51 and a 52-week high of $145.30. The company has a market capitalization of $109.23 billion, a P/E ratio of 22.27 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the business posted $1.70 EPS. The business’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is currently 41.24%.
HON has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and set a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Deutsche Bank AG restated a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research report on Thursday, September 21st. Jefferies Group LLC restated a “buy” rating and set a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Finally, Cowen and Company restated a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a research report on Monday, July 17th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $149.52.
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Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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